INDIAN SHIPPING INDUSTRY AT A GLANCE IN 2020-2021 In FY20, major ports in India handled 704.82 million tonnes of cargo traffic, implying a CAGR of 2.74% during FY16-20. According to the Ministry of Shipping, around 95% of India's trading by volume and 70% by value is done through maritime transport.
mnIndia has 12 major and 205 notified minor and intermediate ports. The Indian ports and shipping industry play a vital role in sustaining growth in the country’s trade and commerce. India is the sixteenth-largest maritime country in the world with a coastline of about 7,517 kms.
India’s key ports had a capacity of 1,534.91 million tonnes per annum (MTPA) in FY20. In FY21, all key ports in India handled 672.60 million tonnes (MT) of cargo traffic.
Merchandise exports reached US$ 255.92 billion in FY21 (until February 2021).
Industry Forecast
The capacity addition at ports is expected to grow at a CAGR of 5-6% till 2022, thereby adding 275-325 MT of capacity.
India’s cargo traffic handled by ports is expected to reach 1,695 million metric tonnes by 2021-22 according to a report by the National Transport Development Policy Committee.
Cargo traffic in the country is expected to rise to 2,500 MT by 2024-25 .
